Jamison Private Wealth Management Inc. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,373 shares of the real estate investment trust’s stock after acquiring an additional 765 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Digital Realty Trust were worth $5,209,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $230,000. Nikulski Financial Inc. grew its holdings in Digital Realty Trust by 3.8% during the fourth quarter. Nikulski Financial Inc. now owns 13,496 shares of the real estate investment trust’s stock worth $2,393,000 after acquiring an additional 494 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its position in Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after acquiring an additional 9,959 shares in the last quarter. CFS Investment Advisory Services LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $207,000. Finally, Cyndeo Wealth Partners LLC grew its stake in shares of Digital Realty Trust by 1.6% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 47,199 shares of the real estate investment trust’s stock worth $8,370,000 after purchasing an additional 760 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Barclays upped their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Evercore ISI lifted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $178.89.
Digital Realty Trust Stock Down 1.6 %
Shares of NYSE:DLR opened at $180.56 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $59.89 billion, a price-to-earnings ratio of 151.73, a PEG ratio of 4.64 and a beta of 0.64. The stock’s 50-day moving average price is $183.37 and its two-hundred day moving average price is $167.71. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.70%. Digital Realty Trust’s payout ratio is 410.08%.
Insider Buying and Selling
In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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